The mean generation time or "doubling time" (g) is the average time required for all the components of the culture to double. This is calculated from the following equation:
log10 Nt = log10 N0 + g log102
or alternatively:
g = (log10 Nt - log10 N0) / log102
Again, for the experiment you have just done:
t0 = 1.5h: N = 8.4x101, log10 N = 1.92
t = 8.5h: N = 3.39x108, log10 N = 8.53
g = (log10 Nt - log10 N0) / log102
= (8.53 - 1.92) / 0.301
= 21.96 generations in 7 hours
= 7 / 21.96 = 0.32 hours (x 60 = 19.2 minutes)
Note that µ and g are related to each other: µ = ln2/g = 0.693/g